Prestige Hospitality Ventures

What Prestige Hospitality Ventures does

Prestige Hospitality Ventures Limited, incorporated in 2017 and headquartered in Bengaluru, India, is a hospitality asset owner and developer that builds, owns, and operates luxury and upper-upscale hotels in partnership with global brand families. The company is a step-down platform of the Bengaluru-based Prestige Group and is preparing for a Rs 2,700 crore initial public offering with a Securities and Exchange Board of India observation letter already extended.

The operating footprint comprises 7 hotels totaling 1,445 keys across markets including Bengaluru, Goa, and Chennai, with brand affiliations spanning Marriott International (across multiple Marriott-family brands including Aloft and The Edition), Hilton (Conrad), and Banyan Group (Angsana). A further 3 properties (951 keys) are under active development and 9 additional properties (1,558 keys) are in the upcoming pipeline, taking the contracted portfolio to 19 assets and approximately 3,954 keys once stabilized.

The business model is asset-heavy and franchise/management-led: Prestige Hospitality Ventures owns the real estate, earns room revenue, food and beverage income, banqueting and other ancillary income, and pays brand fees and management fees to its global partners. Distribution flows through partner reservation systems and global loyalty programs such as Marriott Bonvoy and Hilton Honors. The leadership team, anchored by Chairman Irfan Razack alongside Joint Managing Directors Omer Bin Jung and Mohmed Zaid Sadiq, CEO Suresh Singaravelu, and CFO Shamik Rudra, has been formalized in anticipation of the public listing.

Name

Prestige Hospitality Ventures

Legal name

Prestige Hospitality Ventures Limited

Website

https://prestigehospitalityventures.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Prestige Hospitality Ventures is a Bengaluru-based hospitality asset owner and developer operating 7 luxury and upper-upscale hotels (1,445 keys) under Marriott, Hilton, and Banyan Group brands, with a contracted pipeline of 19 properties and approximately 3,954 keys, advancing a Rs 2,700 crore IPO.

Ownership category

akta.pro rank

Product category

Hospitality Services

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Luxury Boutique & Lifestyle Resorts (THAGACAO)

akta.pro secondary industries

Luxury Golf Resorts (THAGACAH), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Hospitality asset management
• Hotel development
• Luxury hotel operations
• Resort management
• Hospitality investments

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Hotel Operations Revenue: Revenue generated from hospitality assets including room bookings, food and beverage services, event spaces, and ancillary services across operating properties

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Prestige Hospitality Ventures is a hospitality asset owner, developer, and operator that builds and manages branded hotels, resorts, and serviced residences across India. The company operates under brand partnerships with Marriott International, Hilton, and Banyan Group, offering upper-upscale and luxury accommodations in business and leisure destinations.

Product overview

Prestige Hospitality Ventures is a hospitality asset owner and developer focused on luxury, upper upscale, and upper midscale hospitality assets in India. The company operates a portfolio of 19 properties across three categories: 7 Operating Properties (1,445 keys), 3 Ongoing Properties (951 expected keys), and 9 Upcoming Properties (1,558 expected keys) as of December 31, 2024. Properties are operated under brand partnerships with Marriott International (Sheraton Grand, JW Marriott, W Hotels, St. Regis, Moxy, Marriott Marquis, Marriott Executive Apartments, Autograph Collection, Tribute Portfolio, Aloft, Edition), Hilton (Conrad), and Banyan Group (Angsana Oasis). The portfolio includes hotels, resorts, convention centers, and serviced apartments serving both business and leisure travelers.

Differentiator

Problem solved

Functional benefit

Products and services

• Conrad Bengaluru

Segments2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorOperating arrangements with Marriott International for multiple properties including Sheraton Grand Bengaluru, JW Marriott Bengaluru Prestige Golfshire Resort & Spa, Moxy Bengaluru Airport, Marriott Executive Apartments, W Bengaluru, and Marriott Marquis. Properties participate in Marriott Bonvoy loyalty program.
• Hilton Worldwide (Conrad)coreChannel Partner/ Reseller/ DistributorOperating arrangement with Hilton for Conrad Bengaluru luxury hotel, part of Hilton Honors global loyalty program with worldwide distribution capabilities.
• Banyan Group (Angsana Resorts & Spa)coreChannel Partner/ Reseller/ DistributorOperating arrangement with Banyan Group for Angsana Oasis Spa & Resort, providing access to the wellness tourism and resort segment with Banyan Tree brand ecosystem.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Mahindra Holidays & Resorts India: Indian resort and vacation-ownership operator (Club Mahindra) with comparable leisure-resort and hospitality positioning, though skewed to membership/timeshare rather than luxury transient stays.
• Chalet Hotels: Indian hotel owner-operator that owns hospitality real estate and runs them under brand partnerships with Marriott, Hyatt, Accor and others; structurally analogous to Prestige Hospitality in that both own luxury/upper-upscale Indian hotel assets and license international brands rather than self-operating.
• ITC Hotels: Indian luxury and upper-upscale hotel owner-operator (ITC Royal Bengal, ITC Mughal, ITC Grand Bharat, etc.) with strong business-travel and leisure positioning; comparable as a domestically owned, asset-heavy Indian luxury hotel chain.
• Indian Hotels Company (Taj): Tata-group-owned operator of Taj, Vivanta and SeleQtions hotels across India; the dominant Indian luxury hotel operator and the most direct competitor for Prestige Hospitality's luxury and upper-upscale portfolio.
• Lemon Tree Hotels: Listed Indian hotel chain operating multiple brands (Lemon Tree Premier, Aurika, Keys) across business and leisure cities; directly comparable as a domestic hotel owner-operator competing in similar Indian urban markets.
• The Leela Palaces, Hotels and Resorts: Indian luxury hotel owner-operator focused on palatial business and leisure properties in gateway cities and resort destinations; competes head-on with Prestige Hospitality's Conrad, JW Marriott and luxury resort offerings.
• EIH (Oberoi Hotels & Resorts): Owner-operator of Oberoi luxury hotels in India and abroad; directly competes with Prestige Hospitality for luxury business and leisure travellers in gateway Indian cities and operates with a similar luxury positioning.

Broad incumbents

• Marriott International: Global hospitality parent and primary brand partner of Prestige Hospitality; comparable as a broad incumbent in the same luxury and lifestyle categories while also being the licensor of most of Prestige's portfolio brands.
• Hilton Worldwide: Global hospitality parent and Conrad brand partner; broadly comparable as a large incumbent in luxury/upper-upscale lodging while also acting as a brand licensor to Prestige Hospitality's Conrad Bengaluru.

Regional players

• Brigade Hospitality: Hospitality arm of Bengaluru-based Brigade Group operating hotels such as Grand Mercure and Holiday Inn; a regional peer concentrated in Karnataka with a similar South-India real-estate developer backdrop.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/prestigegroup
• Facebookfacebook.com/Prestige.group
• Instagraminstagram.com/prestigeconstructions

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prestige Hospitality Ventures